PUT OPTION RIGHTS
With the following unilateral and
irrevocable act:
[Company Name] company, with legal
offices in [Address and Country], represented by [Full Name], as
[Qualification],
in the herein act simply named also
as «Promissor»,
promises to acquire, in once or in
different payments,
from [Full Name], born in [Place],
on the [Date of birth] and residing in [Address and Country],
later on simply named also as
«Promisee»,
shares issued by [Company Name]
company, with legal offices in [Address and Country],
later on simply named also as
«Issuer»,
subscribed by the Promisee for a
nominal value of [Amount] [Currency],
on the following particular
conditions:
1) the put option right can be
asserted for the nominal, total or partial amount of the shares held by the
Promisee and issued by the Issuer;
2) the Promisee can assert the put
option right after 6, 12, 18, 24, 30, 36, 42, 48, 54, 60 months from the date
of the shares the Issuer issued;
3) the written application for the
enforcement of the put option right will have to be undersigned by the Promisee
and will have to be delivered within fifteen days from the expiration of the
periods indicated in previous point 2);
4) the application whom is mentioned
in previous point 3) will have to carry the nominal value of the shares the
right of put option has been exerted for;
5) the purchase price of the shares
subject to the exertion of the right of put option (point3) is fixed from now
on as equal to the nominal value of the shares subject of the application,
added of the 5% if the put option right is exerted after 6 months, of the 11%
after 12 months, of the 17% after 18 months, of the 24.5 % after 24 months, of
the 33% after 30 months, of the 42.5 % after 36 months, of the 54% after 42
months, of the 67 % after 48 months, of the 82% after 54 months and of the 100%
after 60 months from its subscription;
6) the payment of the shares,
subject of the application for the exertion of the put option right, is carried
out by the Promissor or who else on his behalf, on to the bank account
indicated by the Promisee, with currency value fixed on the expiring date of
the six-months period mentioned in previous point 2);
7) if the put option right hasn't
been yet exerted it can be exerted in the following six-month periods, until
the expiration of the 60 months provided by previous point 2);
8) any modification to the herein
act can only be made through an agreement undersigned by the Promissor and the
Promisee.
Place, date, stamp and signature of
the Promissor.